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Turkey, Russia agree on using national currencies in settlements

At the same time, it was confirmed that Turkey and Russia had reached a consensus on this topic, and that the countries had already partially started trading in national currencies

ANKARA, November 8. /TASS/. Turkey and Russia reached a consensus on mutual settlements in national currencies, including the energy sector, Minister of Energy and Natural Resources of Turkey Fatih Donmez said on Tuesday.

"Our trade with Russia continues in many areas. Energy is undoubtedly one of the biggest expenditure items, but this also applies to tourism and food. For almost 5-6 years, both leaders (the Turkish and Russian Presidents - TASS) have expressed their intention to continue the path to trading in national currencies. An agreement [on payment for Russian gas in rubles] was reached during our most recent meetings. Of course, some technical work needs to be done in this area," he said in an interview with the TRT TV Channel.

At the same time, Donmez confirmed that Turkey and Russia had reached a consensus on this topic, and that the countries had already partially started trading in national currencies.

On September 16, Russian President Vladimir Putin held a meeting with President of Turkey Tayyip Erdogan on the sidelines of the SCO summit, where he announced an agreement on Ankara paying for 25% of Russian gas supplies in rubles.

A few days later, Minister of Energy and Natural Resources of Turkey Fatih Donmez said that the agreement would go into effect in the near future.

On October 6, Russian Deputy Prime Minister Alexander Novak announced that Russia and Turkey had converted part of the payments for Russian gas supplies to rubles.

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